Subscribe to our free, weekly email newsletter!



ISM salary survey comes to similar conclusions

By Patrick Burnson, Executive Editor
May 07, 2014

The Institute for Supply Management (ISM) released its 2014 Salary Survey that revealed a decrease in salary for the average professional, and the fact that compensation was the most important factor for job candidates evaluating job opportunities in the supply chain industry.

ISM’s Ninth Annual Salary Survey finds that the average base compensation for all participating supply management professionals was $101,608 in U.S. dollars, a decrease of 2 percent compared to the average for 2012 ($103,793).

Some to the findings mirror those gathered by The Peerless Research Group which said median earnings remain in line with those posted last year, indicating that veteran logistics managers should not expect the same pay incentives.

A majority of respondents (62 percent) still received a bonus in 2013 (down from 68 percent in 2012). The median bonus was $8,300, up 4 percent from 2012. The study showed that total compensation package that includes bonuses and stock options significantly increases pay.

Meanwhile “Amount of Pay” emerged as the most important feature of a new position for supply chain related job candidates, followed by “Likely Job Satisfaction,” then “Prospect of Improved Work/Life Balance” and “Benefits Package Offered.”

“Overall it was a year where employers appeared to be careful in managing their expenses and many organizations may have cut back on salaries and bonuses,” said ISM Director of Research Paul Lee. “However we do not feel this will have an adverse effect on salaries moving forward as there are signs that supply management remains an industry where competition for the top talent remains fierce.”

Other findings included:

▪ Respondents who held ISM’s CPSM certification earned $103,415 on average in 2013, compared to $96,655 for those who lacked any designation.
▪ Forty-five percent of respondents indicated that they moved into supply chain from another field. Most left their former profession after eight or fewer years in that other field.

ISM research said that supply management professionals working in the field for 15 or more years can expect to earn 56 percent more than those with four or fewer years of experience.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Jacksonville, Fla.-based Florida East Coast Railway (FECR), a 351-mile freight rail system on the state’s east coast, recently made two separate announcements. One had to do with an expansion of intermodal services between Charlotte, N.C. and various locations in South Florida and another was related to the company boosting its intermodal capacity through the addition of new equipment.

The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued “robust”growth in air cargo volumes.

Even though some of its key metrics dropped sequentially from August to September, the outlook for manufacturing over all remains strong, according to the most recent edition of the Manufacturing Report on Business issued today by the Institute for Supply Management (ISM).

Company officials said that these planned changes, which will take effect on January 4, 2015, will provide for increases in current pay rates and reduce the time it takes for its nearly 15,000 drivers to reach top pay scale.

While the economy has seen more than its fair share of ups and downs in recent years, 2014 is different in that it could be the best year from an economic output perspective in the last several years. That outlook was offered up by Rosalyn Wilson, senior business analyst at Parsons, and author of the Council of Supply Chain Management Professionals (CSCMP) Annual State of Logistics Report at last week’s CSCMP Annual Conference in San Antonio.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA